US NFP Report Shows Economy Added 292,000 jobs in December

US jobs growth remained solid in December as the economy added 292,000 jobs, beating expectations.

The Bureau of Labor Statistics data also showed the jobless rate held at its seven-and-a-half year low of 5%.

Professional and business services, construction, health care, and food services all saw job increases.

In addition, the figures for October and November were revised up to show 50,000 more jobs created than previously reported.

However, not all sectors saw job gains in December – mining continued to decline, dropping by 8,000, and taking the total jobs lost in the sector in 2015 to 129,000.

In the fourth quarter of 2015, US economy created an average of 284,000 jobs a month, the best three-month pace in a year.

The robust figures suggest resilience in the US economy at a time of market turmoil in China, the world’s second biggest economy.

The figures come after the first US interest rate rise in nearly 10 years in December.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza